blog:Car Loan Archives | Page 2 of 10 | Northway Ford Lincoln
Do Dealerships Use Transunion or Equifax in Canada?
So, you're ready to buy a car – congratulations! But before you zoom off in your new ride, there's a crucial step: financing. This often involves a credit check, which can feel intimidating. You might be wondering, "Do dealerships use TransUnion or Equifax?" Here's the surprising answer: it depends! There isn't a one-size-fits-all answer […]
Lease or Finance a Car in Canada: Why Financing Wins
When the time comes to acquire a new vehicle, Canadians are often faced with the decision of whether to lease or finance. Both options have their merits, but choosing the right one depends on various factors unique to your situation. This article will guide you through the key considerations to help you make an […]
How to Properly Test Drive a Car & Know What to Look For
The test drive is an important aspect of buying a car and something you should always do. It can be a confusing time as well as exciting while you get used to driving a different car, fiddle with the position, and get used to where controls are and visibility so, it’s easy to forget why […]
Second Chance Car Loans in Ontario: Get Approved Today
For many individuals, owning a car is an essential part of daily life. Whether it's commuting to work, running errands, or exploring new places, having reliable transportation is crucial. However, not everyone has a spotless credit history, making it challenging to secure traditional car loans. Fortunately, second-chance car loans offer a glimmer of hope […]
Buy Here Pay Here Dealerships in Ontario: Everything to Know
When it comes to automobile financing options, buy here pay here (BHPH) financing has gained popularity in recent years. This article aims to provide an overview of buy here pay here financing, its workings, and its pros and cons specifically in the context of Canada. While it may seem enticing at first glance, […]
Can You Lease a Car With Bad Credit in Canada? [2024]
While we mainly discuss auto loans on this blog, we lease cars too. As we are receiving more inquiries around whether you can lease a car with bad credit, we thought now is a good time to write a blog post on the subject. That’s exactly what our auto loan team has done. […]
6 Ways a Dealership Determines Your Car's Trade-In Value
As Car Nation Canada is offering top dollar for quality used cars, there has never been a better time to trade in or sell your car to a dealership. But how do dealerships determine your vehicle's trade in value? That’s what we’ll be discussing today. We asked our Bronte auto loans team how Car […]
Can You Get a Loan to Buy a Classic Car? Everything to Know
The classic car market is huge and very lucrative. That makes it difficult to get into if you’re an enthusiast. Whether you’re into classic Chevies or vintage Mustangs, buying one of these classics can cost a lot of money! So how can you finance it? Can you buy a classic car with an auto loan? […]
How To Qualify For a Car Loan In 8 Straightforward Steps
Purchasing a car is an exciting milestone, and for many Canadians, securing a car loan is an essential part of making that dream a reality. Whether you're a first-time buyer or looking to upgrade your vehicle, understanding how to qualify for a car loan is crucial. In this article, we will outline the key […]
Buying Ex-Rental Cars in Canada: Everything You Need to Know
Ever browsed used cars and come across a seemingly great deal? It might be an ex-rental car. But before you jump in, it's important to understand the pros and cons. Let's break down everything you need to know about buying a car that used to be a rental. Get Pre-Approved in 2 Minutes or […]